Commodity MCX – Gold rises 200, silver shines

gold silver price high Apart from the Global Market, the increased demand for the wedding season, between local jewellers and retailers, has become increasing price by Rs 200. Gold prices in the Delhi bullion market have risen to Rs 30,950 per ten gram. This is a three-month high level. Due to demand among Industrial units and quin makers, the silver price has gone up to 40 thousand per kg.

The reason for this increasing price Gold and Silver-
Due to increasing gold price between demand local jewellers and retailers say bullion traders. In addition, gold is also strong in global trends. Globally, Gold high 0.42 percent to $1,343 an ounce in the Singapore market. In this same Silver gained 0.90 percent to $17.36 an ounce.

Monday high- Sensex jumps 209 pts, Nifty hits 10,700 for first time

Sensex Nifty highKey indices moved on a higher note on Monday with Sensex & Nifty hitting all-new record peaks on the back of Q3 earnings hopes and positive global cues.

The BSE Sensex spiked 238.64 points at 34,831.03 while NSE Nifty added 67.75 at 10,749 in the late morning, for the first time ever. It is hoped all through this week, the stock markets are expected to be guided by the third-quarter earnings of major companies like HDFC Bank, ITC Ltd, Wipro Ltd, Kotak Mahindra Bank, Bharti Airtel and Yes Bank etc.

The stock of ICICI Bank extended the gains rising 3.29% to the day’s high of Rs 328.05 while HDFC shares rose 2% to the day’s high of Rs 1,796.7 after the company approved raising up to Rs 13,000 crore in its banking arm.

Shares of ICICI Bank, HDFC, Power Grid, Wipro, TCS, RIL, and SBI were the major gainers IN Sensex while Bharti Airtel and IndusInd Bank traded a little lower.

Infosys shares rose 1.26 percent to a fresh 52-week high of Rs 1092.05 after the company on Friday reported a rise of 38.22 percent in the net profit to Rs 5129 crore for the Oct –Dec quarter for the current fiscal.

Top Ten Stock Trading Tips, SEBI Registered Investment Advisory Company

SEBI Registered stock advisory company Share markets opened little higher on its opening Thursday with Sensex & Nifty beginning in the green ahead of the expiry of Future & Option contracts today. BSE Sensex traded higher by 0.05 points to 33,911.86, while the NSE Nifty-50 rose 7.05 points to 10,497.80 in the later morning hours.

Shares of State bank of India, Sun Pharma, Tata Steel, Dr Reddy’s, Coal India, HDFC, HDFC Bank and Hindustan Unilever gained up to 1 percent while Yes Bank, Axis Bank, Hero MotoCorp, TCS, Bajaj Auto and Kotak Mahindra Bank lost up to 0.75%. The stock of RCom rose 19.86% to the day’s peak of Rs 34.4 on NSE while it rose 15.65% to the day’s high of Rs 33.24 on BSE.

Metal stock rise on NSE, the Nifty Metal Index rose 1 percent in early trade tracking higher global commodity prices. Global copper prices rose overnight to their maximum levels in 3 years following strong import numbers from China. Shares of Hindustan Copper Limited rose over 5 percent.

Banking stocks trading lower led by Axis Bank, which was fell 1 percent after market regulator SEBI directed the Bank to conduct an inquiry into leakage of its April -June earnings.

Stock Market News : Sensex, Nifty cut initial gains ahead of WPI inflation data

stock market up Sensex and Nifty opened a slight higher on Thursday as the US Fed Reserve overnight raised interest rates by 25 bps. The BSE Sensex trades up by 11.78 points at 33,064.82, while the NSE Nifty-50 rose 6.30 points to 10,199.25 in late morning hours.

Shares of Mahindra and Mahindra, DR Reddy’s Lab, Infosys, Asian Paints, ONGC, Lupin were the major gainers on Sensex today, rising up to 1.43% while Tata Consultancy Service, HDFC, Kotak Mahindra Bank, Hindustan Unilever Limited, lost up to 1.17%.

The index heavyweights like HDFC, TCS, ICICI Bank and Kotak Mahindra Bank contributed the mainly to the Sensex losses, while Infosys & HDFC Bank helped to reduce the losses.

Shares of Tata Communications Limited rose 5 percent to Rs. 730 after the it has approved proposal to demerge around 773 acres surplus land of govt through special purpose vehicle company Hemisphere Properties Limited.

The rupee rose against the US dollar; it opened at 64.32 per dollar and was trading at 64.28 a dollar, up 0.24 percent from its last close of 64.44.

NCDEX, MCX News Update: Turmeric futures Edge Lower on NCDEX

TurmericIn the National Commodity and Derivatives Exchange (NCDX), Turmeric futures edged lower on Wednesday, 6 December 2017, on anticipation of onset of new season crop and lower exports figures. Supplies from the govt auctions and new arrivals of medium quality supplies have forced the price further.

Turmeric futures contract for December delivery was trading Rs. 7,290.00, edged lower by 0.25 percent or Rs 18.00 from its last closing of Rs. 7,308.00. However, the open interest (OE) of the contract remained at 2,735 lots.

The contract for April delivery was being traded at Rs. 7,304.00, reduced by 0.76 percent or Rs 56.00 from its earlier closing of Rs. 7,360.00. The OE of the contract stood at 7, 275 lots on the NCDEX.